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Mon 01 Jan 2009Cowen confirms 2008 tax shortfall has grown to €8bn
TAOISEACH BRIAN Cowen has confirmed that end-of-year returns to be published today will show a tax revenue shortfall of approximately €8 billion.
In last October's Budget, the shortfall was forecast to be €6.5 billion. However, a decline in revenue buoyancy in November and December has led to a further increase of €1.5 billion to €8bn.
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